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976426 |
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Course |
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| Advanced Microeconomics - 2018 | ||
Faculty |
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Anette Boom, Associate Professor, CBS, Department of Economics, ab.eco@cbs.dk Morten Lau, Professor, CBS, Department of Economics, mla.eco@cbs.dk Karol Szwagrzak, Assistant Professor, CBS, Department of Economics, ksz.eco@cbs.dk |
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Course Coordinator |
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| Anette Boom, Associate Professor, CBS, Department of Economics | ||
Prerequisites |
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| The course is compulsory for the PhD students of Copenhagen Business School’s Department of Economics, but also open to other PhD students who can prove some knowledge in intermediate microeconomics as well as in some mathematical tools like multivariate calculus, constrained maximization, and linear algebra. | ||
Aim |
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After the course, students shall be able to: • demonstrate knowledge of the concepts, models, methods and tools of advanced microeconomic theory as discussed during the course, • read and understand international research papers that employ advanced microeconomic models, • apply and adapt advanced micro economic models to specific research questions, • and evaluate microeconomic models applied and adapted by other scholars. |
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Course content |
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The aim of the course is to get the students acquainted with the most important models and methods used in advanced microeconomic theory in order to enable them to apply these models and methods later in their own research. The course should cover the following topics: 1. Decisions under Uncertainty, 2. Risk and Time Preferences, 3. Game Theory, 4. Mechanism Design and Contract Theory. |
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Teaching style |
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| Lectures, student workshops and exercise classes. | ||
Lecture plan |
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The class includes 42 confrontation hours during 14 weeks . Tentative Lecturing Plan Week 37 - 11.09.2018 Lecture: Choice, Preferences, and Utility (KS) Mas-Colell et al. (1995), Chapter 1 Lecture notes and references on stochastic choice will be provided. Week 38 - 18.09.2018 Lecture: Decision under Uncertainty, Expected Utility Theory (KS) Gilboa (2009), Chapter 8, 9, 10, 14 Gollier (2001), Chapter 1 Week 39 - 25.09.2018 Lecture: Decision under Uncertainty, Risk Aversion, and Applications of Expected Utility Theory (KS) Gollier (2001), Chapters 2, 3, 4, 5 Week 40 - 02.10.2018 Lecture: Decision under Uncertainty, Critiques of Expected Utility Theory, Alternative Theories (KS) Gilboa (2009), Chapters 16 and 17 Week 41 - 09.10.2018 Lecture: Risk and time preferences (KS) Gollier (2001), Chapters 15, 20, 21, 22 Week 43 - 22.10.2018 Week 43 - 24.10.2018 Lecture: Elicitation of Risk Preferences (ML) Holt and Laury (2002), Harrison and Swarthout (2016) Week 44 - 30.10.2018 Lecture: Discounting Functions (ML) Andersen, Harrison, Lau and Rutström (2008), Andersen, Harrison, Lau and Rutström (2014) Week 45 - 06.11.2018 Lecture: Basic Concepts and Results in Game Theory (KS) Osborne and Rubinstein (1994), Part I Week 46 - 13.11.2018 Lecture and Exercise/Workshop: Incomplete Information and Bayesian Games (KS) Osborne and Rubinstein (1994), Part III Week 47 - 20.11.2018 Lecture and Exercise/Workshop: Mechanism Design (KS) Jackson (2014) Week 48 - 27.11.2018 Lecture and Exercise/Workshop: Mechanism Design (KS) Jackson (2014) Week 49 - 04.12.2018 Lecture and Exercise/Workshop : Adverse Selection and Moral Hazard (AB) Mas-Collell, Whinston and Green (1995), Chapter 13 and 14 Week 50 - 11.12.2018 Lecture and Exercise/Workshop: Auctions (AB) Bolton and Dewatripont (2005), Chapter 7 Week 51 - 18.12.2018 Lecture and Exercise/Workshop: Incomplete Contracts (AB) Bolton and Dewatripont (2005), Chapter 11 and 12 |
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Learning objectives |
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Exam |
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In order to pass the course the students have to master two different tasks in a satisfactory manner. 1. They have to hand in the solutions to three problem sets. 2. They have to present one academic research paper from one section (1, 2, 3, or 4) of the class and comment on the paper presentation of another student assigned to another section of the class. The teachers of the different sections will suggest a couple of papers for presentation, but a student can also suggest papers that he/she might present as long as one of the teachers acknowledges them as relevant to his/her section of the class. |
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Other |
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Start date |
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| 11/09/2018 | ||
End date |
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| 18/12/2018 | ||
Level |
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| PhD | ||
ECTS |
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| 7.5 | ||
Language |
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| English | ||
Course Literature |
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| Selected Chapters from:Bolton, Patrick and Mathias Dewatripont (2005), Contract Theory, MIT Press: Cambridge, MA. Gollier, Christian (2004), The Economics of Risk and Time, MIT Press: Cambridge, MA.Gilboa, Itzhak (2009), Theory of Decision under Uncertainty, Econometric Society Monographs 45, Cambridge: Cambridge University Press.Jackson, Matthew O., Mechanism Theory (December 26, 2014). Available atSSRN: https://ssrn.com/abstract=2542983 or http://dx.doi.org/10.2139/ssrn.2542983Mas-Colell, Andreu, Michael D. Whinston and Jerry R. Green (1995), Microeconomic Theory, Oxford University Press: New York and Oxford.Osborne, Martin and Ariel Rubinstein (1994), A Course in Game Theory, MIT Press: Cambridge, MA. Selected Journal Articles | ||
Fee |
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| DKK 9,750 | ||
Minimum number of participants |
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| 9 | ||
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Maximum number of participants |
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| 15 | ||
Location |
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The course takes place primarily from 9-12 Department of Economics Porcelænshaven 16A, room 2.80 2000 Frederiksberg |
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Contact information |
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Administration: Bente S. Ramovic bsr.research@cbs.dk tel: +45 3815 3138 |
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Registration deadline |
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| 08/08/2018 | ||
| Please note that your registration is binding after the registration deadline. | ||